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FXS/USD - Resistance approaches! Take care.
Frax Share / Tether
Long
FXS/USD - Resistance approaches! Take care.
By DU09
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Jun 9, 2022
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Jun 9, 2022
You may be tempted to FOMO into Frax Shares, but check out this resistance, 10% left to go and it will be hit.
The last time the price was there it was rejected and pushed to form another all-time low!
Best to be cautious here and not FOMO just because you see a green candle.
Wait for a breakout at least. Bias is mildly bullish, but a break of resistance is necessary for this momentum to continue.
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Chart Patterns
frax
fraxshares
fxs
FXSBTC
FXSUSD
fxsusdt
Technical Indicators
Trend Analysis
DU09
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